Best Certificate of Deposit Rates in Reading, PA

Are you searching for a savings product that provides both security and return? A certificate of deposit, or CD, allows depositors to enjoy a safer investment and better returns than a typical savings account. For the best rates in Reading, PA, reach out to Bellco Federal Credit Union.

The Berks County, PA, community finds financial services and products designed with the member in mind at Bellco Federal Credit Union. We’re owned jointly by our members, functioning as a nonprofit and providing what you expect to receive from a traditional bank with better rates, flexible terms, and more courteous service.

Save More and Save Safely with CDs from Bellco FCU

Referred to as a Shared Certificate, Certificate of Deposit, or CD, this savings method provides higher interest rate returns than a savings account.

When you can afford to wait for your savings to become available and don’t want to risk losing your money, choose a CD. When compared to other methods of savings, a CD’s interest returns are higher than savings accounts but lower than the potential return from stock market investments. However, the CD also comes with less risk than stock market investments.

A Certificate of Deposit requires that depositors set aside a specific sum and invest it into the product. This product will include a specified maturity date, which refers to when your entire sum of deposit plus interest will become available for reinvestment or withdrawal. You may be able to withdraw funds early, but if you do, you may face penalties for doing so.

The Certificate of Deposit is a better choice for the short term, while stock market investments need to be approached as part of a long-term strategy to mitigate any losses that happen to occur.

A CD is a risk-free investment that promotes patience by including an early withdrawal penalty. Consider choosing a Certificate of Deposit from Bellco Federal Credit Union for your savings plans. We offer a wide range of savings products, including CDs with various rates and terms, a diversity of savings accounts, money market accounts, and IRA accounts.

Save with Bellco Federal Credit Union

Before taking advantage of our products or services, you’ll need to become a member-owner of the credit union. As such, you’ll have access to everything we offer for your entire lifetime. Membership doesn’t expire.

How to Join

Step One - Qualify: Verify that you live, work, worship, or attend school in Berks County, PA, or have an immediate family member who is a Bellco FCU joint member-owner.

Step Two - Establish a Primary Member Savings Account: A nominal deposit of $5 is enough to establish membership and buy into the credit union.

If you’re concerned about the security of choosing a credit union, Bellco FCU would like to reassure you that our member accounts are insured up to $250,000 on deposit since we’re participants with the NCUA or National Credit Union Administration.

As a Bellco FCU member, you can access checking and savings accounts, loans, credit services, business banking, and more. In addition, you’ll have free mobile banking, eStatements, online banking, and bill pay. While we have two physical locations, we partner with entities nationwide to provide our members access to thousands of free-to-use ATMs and shared branches from coast to coast.

Come to Bellco FCU for the best Certificate of Deposit rates in Reading, PA. Explore today by calling (610) 373-5192 or contacting us online.